Government-supported Line of Credit permits exports with minimum domestic sourcing and specified utilisation and reporting conditions. A Government-supported Line of Credit by Export-Import Bank finances specified projects in Bangladesh subject to export eligibility under the Foreign Trade Policy. At least 75% of contract value for goods and services (excluding consultancy) must be sourced from India, reducible to 65% for civil construction and further on a case-by-case basis (not from a third country). Separate terminal utilisation periods apply for project exports and other supply contracts. Shipments must be declared on EDF/SDF forms. No agency commission is payable under the LOC; exporters may use own funds or EEFC balances and AD Category-I banks may permit remittance after full realisation, subject to prevailing rules. Directions are issued under FEMA.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Government-supported Line of Credit permits exports with minimum domestic sourcing and specified utilisation and reporting conditions.
A Government-supported Line of Credit by Export-Import Bank finances specified projects in Bangladesh subject to export eligibility under the Foreign Trade Policy. At least 75% of contract value for goods and services (excluding consultancy) must be sourced from India, reducible to 65% for civil construction and further on a case-by-case basis (not from a third country). Separate terminal utilisation periods apply for project exports and other supply contracts. Shipments must be declared on EDF/SDF forms. No agency commission is payable under the LOC; exporters may use own funds or EEFC balances and AD Category-I banks may permit remittance after full realisation, subject to prevailing rules. Directions are issued under FEMA.
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